ziggy29
Moderator Emeritus
The definition of "millionaire" is relatively fixed. The practical measure of wealth it represents, of course, is watered down over time with inflation. It used to symbolize an amount of wealth that represented absolute financial independence and then some -- not so much any more. I think you have to get over $5M, maybe closer to $10M, to get there today.
Quicken first told me of hitting $1M around 2011 (70% of which was in retirement accounts) and it's almost $1.3M now. That said, it's still a considerable and blessed nest egg, but now it merely means a nice cushion and supplementary retirement income. It doesn't mean mansions and butlers and maids and vacation homes any more. We certainly don't have a Mr. Carson or a Mrs. Hughes around here....
Quicken first told me of hitting $1M around 2011 (70% of which was in retirement accounts) and it's almost $1.3M now. That said, it's still a considerable and blessed nest egg, but now it merely means a nice cushion and supplementary retirement income. It doesn't mean mansions and butlers and maids and vacation homes any more. We certainly don't have a Mr. Carson or a Mrs. Hughes around here....
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